A straight line supply curve cuts the Y axis in its negative range What is the elasticity of su...........

Economics (CUET) Theory of firm under perfect Competition

A straight line supply curve cuts the Y-axis in its negative range. What is the elasticity of supply?

Highly elastic

Unitary elastic

Less elastic

Perfectly inelastic

Option (3) is correct.
Explanation: As the supply curve has a negative range meaning it is steep thus it is relatively inelastic or less elastic.

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